Central bank rate changes on 3 May 2023
On 3 May 2023, 4 central banks we track changed their policy rate: the Sveriges Riksbank raised its Policy rate by 50 bp to 3.50 %, the Bank Negara Malaysia raised its Overnight policy rate by 25 bp to 3.00 %, the Reserve Bank of Australia raised its Cash rate target by 25 bp to 3.85 % and the Saudi Central Bank raised its Repo rate by 25 bp to 5.75 %.
Changes
| Set by | Rate | Change |
|---|---|---|
| 3.50 % | raised +50 bp | |
| 3.00 % | raised +25 bp | |
| 3.85 % | raised +25 bp | |
| 5.75 % | raised +25 bp |
Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.